Footwear priced at $20 in 1951 $84.03 in 2023

Footwear Inflation Calculator

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Prices for Footwear, 1951-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for footwear are 320.17% higher in 2023 versus 1951 (a $64.03 difference in value).

Between 1951 and 2023: Footwear experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, footwear costing $20 in the year 1951 would cost $84.03 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for footwear was lower.

In the year 1951: Pricing changed by 13.10%, which is significantly above the average yearly change for footwear during the 1951-2023 time period. Compared to inflation for all items in 1951 (7.86%), inflation for footwear was much higher.

Price Inflation for Footwear since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (24.84%), 1951 (13.10%), and 1942 (12.82%).

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Buying power of $20.00 since 1951

Below are calculations of equivalent buying power for Footwear, over time, for $20 beginning in 1951. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1951$20.0013.10%
1952$19.60-1.98%
1953$19.58-0.11%
1954$19.801.14%
1955$20.001.01%
1956$21.055.21%
1957$21.743.30%
1958$22.081.54%
1959$22.994.12%
1960$23.793.49%
1961$23.990.84%
1962$24.331.43%
1963$24.601.12%
1964$24.710.43%
1965$25.121.66%
1966$26.636.01%
1967$27.954.95%
1968$29.435.29%
1969$31.246.16%
1970$32.875.22%
1971$33.953.28%
1972$34.902.80%
1973$36.384.24%
1974$38.596.09%
1975$40.314.46%
1976$41.903.95%
1977$43.854.65%
1978$45.774.37%
1979$49.377.88%
1980$53.187.72%
1981$55.995.29%
1982$57.422.54%
1983$57.810.68%
1984$58.531.25%
1985$59.281.29%
1986$59.03-0.42%
1987$60.883.12%
1988$63.674.59%
1989$66.234.02%
1990$67.982.64%
1991$70.023.00%
1992$72.373.37%
1993$72.910.74%
1994$72.980.10%
1995$72.64-0.46%
1996$73.340.96%
1997$73.880.74%
1998$74.150.37%
1999$72.82-1.80%
2000$71.70-1.54%
2001$71.24-0.65%
2002$70.31-1.31%
2003$69.25-1.50%
2004$69.07-0.26%
2005$71.022.82%
2006$71.550.75%
2007$70.88-0.94%
2008$71.911.46%
2009$73.472.17%
2010$74.130.89%
2011$74.420.39%
2012$76.362.61%
2013$78.202.41%
2014$78.450.32%
2015$79.230.99%
2016$79.530.39%
2017$79.17-0.46%
2018$78.80-0.46%
2019$79.170.47%
2020$77.16-2.54%
2021$80.013.70%
2022$83.704.61%
2023$84.030.39%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Footwear:

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI14.00014.20015.00015.00014.80015.00015.60017.60018.50019.30019.80022.20027.71530.27730.06230.53134.53133.84633.80834.19234.53836.33837.53838.11539.68541.06941.41542.00842.47742.66243.36945.97748.25450.80853.93856.75458.61560.25462.80866.63169.60072.34675.70879.01585.23891.82396.67799.13199.808101.054102.354101.923105.108109.931114.354117.369120.885124.954125.877126.000125.423126.623127.562128.031125.723123.792122.992121.385119.562119.254122.615123.531122.374124.157126.854127.988128.482131.834135.016135.452136.787137.315136.689136.054136.692133.220138.148144.518145.087

Adjust footwear prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1951 * 1951 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Footwear was 34.531 in the year 1951 and 145.087 in 2023:

145.087 / 34.531 * $20 = $84.03

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1951 has the same "purchasing power" as $84.03 in 2023 (in the CPI category of Footwear).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Footwear in 1935. In addition to footwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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